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Jun 30, 2022
Perdoceo Q2 2022 Earnings Report
Perdoceo Education Corporation's financial performance declined slightly in Q2 2022, with revenue and operating income decreasing, but adjusted EPS increasing.
Key Takeaways
Perdoceo Education Corporation reported a decrease in revenue and operating income for the second quarter of 2022 compared to the prior year quarter. Revenue decreased by 4.5% to $167.7 million, and operating income decreased by 5.6% to $33.9 million. However, adjusted earnings per diluted share increased from $0.41 to $0.42.
Revenue decreased by 4.5 percent to $167.7 million.
Operating income decreased 5.6 percent to $33.9 million.
Earnings per diluted share was $0.37, same as the prior year quarter.
Total student enrollments decreased by 7.0 percent.
Perdoceo
Perdoceo
Perdoceo Revenue by Segment
Revenue by Segment
CTU Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
The Company is providing the following third quarter outlook along with an updated full year outlook, subject to the key assumptions identified below.
Revenue & Expenses
Visualization of income flow from segment revenue to net income